According to external analysis, Dogecoin has recently continued to fall and prices are approaching critical support areas near US$ 0.078. According to the article, this area will determine whether the DOGE will be stable by the end of the month or whether it will continue to be low during the year.

The $0.088 support has collapsed.

During the previous months, the range of $0.088 to $0.089 had been taken over several times, and at one time was considered to be a phased support. The region ' s failure today shows a further weakening of the DOGE ' s short-line structure and a continued downward shift in the focus of price running.

The article mentions that DOGE is currently testing between 0.078 and 0.080 dollars. This area is considered to be the next major demand area and the more important layer of support before the low level of the year. If the purchase is not able to create a connection here, the pressure may continue to be released.

Short-line focus 0.078 to 0.080

From the indicators given, the relative strength and weakness index of RSI has been reduced to 29, entering the oversale range. At the same time, MCD remains below the zero axis, suggesting that the current overall vulnerability has not been reversed.

  • Current focus support: 0.078 to 0.080
  • Potential fall zone below: 0.074, 0.070
  • Above to recover position: $0.088

However, the article also mentions that the levelling of the MCD column figure means that the downing of kinetic energy may be slower than before. However, the market still lacks a strong enough basis for upturn before there is a clear reversal.

Select direction before the end of the month or after a shock

According to the article, the more realistic short-line scenario is for DOGE to organize itself in the vicinity of $0.078, not excluding a short downing of $0.074 to complete the liquidity clean-up and then to observe the return of the purchaser.

The DOGE short-line repair space may be opened if the price is repositioned in the vicinity of US$ 0.088 previously missed, with US$ 0.096 above and US$ 0.105 for further resistance. On the contrary, if the US$ 0.078 supports the failure, the DOGE may continue to fall to US$ 0.074, followed by a test of US$ 0.070; if the market mood deteriorates further, the lower range of US$ 0.065 to 0.068 in the year may be tested again.